Greencoat Renewables expects to sign more long-term supply agreements.
The agreement, finalized ahead of the wind farm’s transition from its regulated tariff structure in June 2025, ensures stable, long-term revenue for Greencoat. The pay-as-produced PPA aligns with the company’s re-contracting strategy, initiated in December 2023, to secure contracts for assets exiting tariff regimes. Since then, Greencoat has signed six PPAs, covering approximately 540 gigawatt hours of annual energy output, representing 20% of its projected merchant volumes through 2029.
These PPAs, averaging over eight years in duration, span various regions and technologies, involving major global companies in sectors like AI and heavy industry. The Ballincollig agreement exemplifies Greencoat’s approach, securing a contract with a partner committed to renewable energy for sustainable growth.
Paul O’Donnell, a partner at Schroders Greencoat, stated: “This agreement is a clear demonstration of our ability to execute our re-contracting strategy, securing long-term cash flows and supporting asset value. This agreement also further strengthens our position as a trusted partner to leading power buyers, supporting their decarbonisation efforts and advancing the energy transition.” He added: “Data centres powered by renewable energy will be a key industrial enabler for the next phase of economic development. Greencoat Renewables is strategically positioned to deliver cost-effective, clean power.”
Managed by Schroders Greencoat, Greencoat Renewables oversees a portfolio exceeding 1.49 gigawatts of renewable energy capacity. The company is well-positioned to meet the rising demand for clean energy, particularly from data centers and AI-driven industries, contributing to sustainable economic development across Europe.
Located in Ireland, the Ballincollig wind farm supports Greencoat’s mission to provide reliable renewable energy. The company anticipates securing additional PPAs to further its strategy, leveraging its expertise to meet the needs of partners focused on reducing carbon footprints.
In a related development, Schroders Greencoat partnered with Repsol in March 2025 to acquire a 49% stake in a renewable energy portfolio in Spain, reinforcing its commitment to expanding clean energy initiatives.
